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NAFCU talks data security, capital during member call-in

NAFCU President and CEO Dan Berger and Executive Vice President and COO Anthony Demangone go over issues on tap for Tuesday's member call-in. (NAFCU photo)

March 19, 2014 – NAFCU members were briefed on data security issues as well as NCUA’s risk-based capital proposal yesterday during NAFCU’s member call-In, “A Credit Union Industry Update,” hosted by the association’s senior staff.

NAFCU President and CEO Dan Berger began the call by explaining the association’s concerns with the rules and regulations that continue to come out of CFPB and NCUA, including NCUA’s latest risk-based capital proposal. “I want to be very clear that NAFCU’s staff and board of directors have serious concerns with this rule,” Berger said. “We truly believe enough is enough.”

Berger also updated NAFCU members on the association’s continued push for a national data security standard regarding the ongoing news of merchant data breaches. “NAFCU is leading the fight for holding retailers accountable,” said Berger.